PORTSMOUTH, N.H. - Underscoring "financial preparedness" for its military members amidst the nation's new war footing, the $640 million Service Credit Union here wasted little time after the Sept. 11 terrorist attack to cut loan rates and offer favorable CD terms. The move by SCU appeared typical for defense CUs...
In recent articles in Credit Union Times and other publications, it seems that some state-chartered, federal-insured credit unions have begun a public campaign to call for an end to, or at least a reduction to a de minimis level of, the Overhead Transfer which helps balance the funding of the...
ALEXANDRIA, Va.-Aside from the sticker shock of the cost of living difference between Mississippi and Northern Virginia, NCUA Chairman Dennis Dollar was happy to take on his responsibilities at the agency. As of September 13, Dollar was designated chairman of the NCUA Board by President George W. Bush with even...
WEST PALM BEACH, Fla. - To fly or not to fly? As many Americans are asking themselves that question, credit union organizations are preparing to serve an industry that takes to the skies less often. Not all are ready to dump their frequent flyer miles just yet. Take Les Muma,...
WALLINGFORD, Conn. - Put a group of credit union or league CEOs together in a room to discuss an issue, and you'll likely get a healthy debate from both sides defending their position. CEOs' positions on the Renaissance Commission's vision statements and CUNA President/CEO Dan Mica's decision to share those...
SAN ANTONIO, Texas - Security Service Federal Credit Union President and CEO David E. Reynolds is a man with a plan. And regardless of whether it's a plan for reducing credit union net operating expenses or for restoring a rare automobile, Reynolds is relentless in pursuing his final goal. The...
WEST PALM BEACH, Fla. - While credit unions are still reeling from the September 11 tragedy, the business of paying claims plays a huge role in helping shell-shocked New Yorkers get back on track. As hundreds of firemen, police and volunteers dig through the smoking hole that was the World...
VENDOR OCTOBER OCTOBER 4-5 O'Rourke Sacher & Moulton's National Credit Union Supervisory Committee and Directors Conference, Hilton Walt Disney World Resort, Orlando, Fla. For info: Hal Carroll, 800-726-7470. OCTOBER 6 Loescher & Associates' "Unlock Your Potential! A Seminar for Supervisory Committee Members," Radisson Hotel South & Plaza Tower, 612-835-7800, Bloomington,...
DUBLIN, Ohio - When looking at where former CUs that converted to thrifts are today, it's tough to find a more unique story than the former Ohio Central FCU. The CU converted to a mutual savings bank in 1998, becoming Ohio Central Savings. On Friday Sept. 21 it received the...
There is a reason why this issue of Credit Union Times is a whopping 92 pages and contains many special features and stories with a direct connection to CUNA and NAFCU. (See page one box.) Most major credit union meetings include exposition programs that showcase all major vendors serving the...